Economy News

Economy

December Sees a 0.5% Rise in US Construction Spending, Reaching $2.19 Trillion

US construction spending rose by 0.5% in December, totaling $2.19 trillion, with private construction leading the growth. The sector showed a 4.3% annual increase, reflecting stron...

Economy

President Trump Initiates Creation of US Sovereign Wealth Fund to Boost National Investments

President Donald Trump has signed an executive order to establish a US sovereign wealth fund, aiming to invest in national projects for the benefit of all Americans. Treasury Secre...

Economy

US Manufacturing Sector Shows Promising Growth in January, Breaking a Seven-Month Slump

The US manufacturing sector experienced growth in January, breaking a seven-month slump with a PMI of 51.2. New business growth has boosted production, and manufacturers are optimi...

Economy

Trump Eyes 10% Tariffs on All EU Imports Amid Rising Global Trade Tensions

President Donald Trump is considering a 10% tariff on all European Union imports, potentially escalating global trade tensions. This move follows recent tariffs on Mexico, Canada, ...

Economy

Saudi Arabia Resists US Pressure to Increase Oil Production Amid Price Concerns

Amid US efforts to lower oil prices by increasing production, Saudi Arabia resists calls to boost output, citing economic concerns. The International Monetary Fund underscores the ...

Economy

China's Manufacturing Sector Shows Signs of Slowing Down: PMI Drops to 50.1 in January

China's manufacturing PMI slightly decreased to 50.1 in January, indicating a marginal expansion but showing a slowdown from the previous month. The sector remains above the neutra...

Economy

Bank of Japan Considers Rate Hike Amid Inflation and Yen Volatility Concerns

The Bank of Japan's January meeting highlighted discussions on inflation, potential rate hikes, and economic risks, with concerns over yen volatility and the impact on financial ma...

Economy

January Sees a Decline in Japan's Manufacturing Sector Activity

Japan's manufacturing sector activity decreased in January 2025, as indicated by a drop in the Jibun Bank Manufacturing PMI to 48.7. Output, new orders, and job creation rates have...